Vincent Street Medical Centre
275 Vincent Street, Cessnock NSW
A purpose-built freehold medical investment anchored by one of Australia's largest primary healthcare providers - All Ways Health (ForHealth Group) - complemented by an established local pharmacy operator.
Investment Highlights
A rare opportunity to acquire a purpose-built, fully leased multi-disciplinary medical centre anchored by one of Australia's largest primary healthcare providers. Long-dated leases, CPI and fixed rental reviews and essential non-discretionary healthcare services provide secure, defensive income.
Established Healthcare Operators
Income secured by Australia's largest primary healthcare operator together with an established long-term local pharmacy operator.
All Ways Health (ForHealth Group)
All Ways Health is part of the ForHealth Group, one of Australia's largest primary healthcare providers, operating more than 95 medical and dental centres nationally with over 1,500 practitioners. The tenant occupies approximately 763 sqm and provides GP and pathology services from the Property.
Cessnock Chemist
An established local pharmacy operator occupying approximately 255 sqm, providing complementary pharmacy services alongside the medical centre and supporting the integrated healthcare offering.
All Ways Health - Fully Bulk Billed
Strengthened by the Federal Government's $8.5 billion Medicare investment
All Ways Health has transitioned its Cessnock centre to a fully bulk billed medical practice, supported by the Federal Government's historic $8.5 billion Medicare investment. The move has significantly improved affordability and patient accessibility, driving increased community demand and reinforcing the tenant's long-term role as a critical healthcare provider within the Hunter region.
Tenancy Summary
Net leases with CPI-linked or fixed minimum reviews - current charges as at 30 July 2025
| Suite | Tenant / Trading As | Area (m²) | Net Rent p.a. |
|---|---|---|---|
| Suite 1 & 4 | Idameneo (No 123) Pty Ltd All Ways Health - GP Clinic & Pathology | 763 | $312,185 |
| Suite 2 & 3 | EJU Pharmaceuticals Pty Ltd Cessnock Chemist | 255 | $108,592 |
| Total | 1,018 | $420,777 | |
*current charges as at 30 July 2025; reviewed rent as at 01 August 2026
Outgoings Summary
Budgeted property outgoings for the 2025-26 Financial Year - fully recoverable under net leases
| Description | Budget* p.a. |
|---|---|
| Council Rates | $11,551 |
| Land Tax | $12,000 |
| Water Rates | $2,200 |
| Insurance - General | $12,000 |
| Air Conditioning Contract Fee | $8,500 |
| Electricity Meter Charges | $2,000 |
| Fire Protection General | $500 |
| Gardening Contract Charges | $7,500 |
| Pest Control | $800 |
| Repairs & Maintenance - General | $3,500 |
| Security Contract Fee | $5,800 |
| Management Fees | $10,000 |
| Total Outgoings | $76,351* |
*Budget figures shown are for the 2025-26 Financial Year (year ending 30 June 2026) and are indicative only.
General Outgoings Recovery by Tenancy
Monthly contributions paid by tenants under their respective net leases (2025-26 Financial Year).
| Suite | Tenant | Monthly* | Annual* |
|---|---|---|---|
| Suite 1 / 4 | All Ways Health (ForHealth Group) | $4,818.38 | $57,820.61 |
| Suite 2 / 3 | Established Local Pharmacy Operator | $1,544.20 | $18,530.39 |
| Total Recovered | $6,362.58* | $76,351.00* | |
*Budget figures shown are for the 2025-26 Financial Year (year ending 30 June 2026) and are indicative only.
Income Profile
Net passing income by tenant - WALE 8.4 years by income (as at 1 May 2026)
Property Gallery
Weighted Average Lease Expiry
As at 1 May 2026
Location
Cessnock - the Gateway to the Hunter Valley vineyards - is located 50 minutes* from the Newcastle CBD and 2 hours* north of Sydney. The Property is positioned on Vincent Street within an established business precinct anchored by Bunnings, Mitre 10 and surrounded by an established residential catchment.
Sale Process & Contact
Method of sale
275 Vincent Street, Cessnock is offered For Sale by Expressions of Interest as an exclusive Knight Frank Newcastle campaign. Offers are invited on an unconditional basis, with conditional offers considered on their merits.
Key dates
- EOI close
- Wednesday, 29 July 2026 at 4:00pm (AEST)
- Inspections
- All inspections are by prior arrangement through the selling agents.
- Due Diligence
- Due diligence information is available via the data room upon request to the exclusive agents.
Submission requirements
Offers should be submitted in writing to the exclusive selling agents and include:
- Purchaser entity and details of the beneficial owner
- Purchase price (exclusive of GST)
- Deposit amount and proposed settlement period
- Any conditions of offer (including due diligence requirements)
- Source of funds and evidence of capability
- Solicitor details
EOI Form
Download the Expressions of Interest form, complete it, and return it to the exclusive selling agents.
Open EOI Form (PDF)